best way for me to save my house and car?

[paul.t]

It seems odd that this company was placed into liquidation almost without your knowledge - notwithstanding that as a 33% shareholder you would have had to have consented to this.

As a result of the company's failure, you are now left with corporate debts which the banks will expect you to pay. Given that you have equity in your property, but no income at present, you might need to consider selling the property to cover some of the debts or even make an offer of full and final settlement.

I guess that's what happens when you business partner's Girl Friend is your book keeper, their very good friend is your accountant and business adviser (it was the accountant that recommended the liquidator) and they all live in the same village 90 minutes from me and had meetings without me!

I knew about the liquidation only when the accountant and my former business partner told me about it, the same day a liquidator was appointed, i tried to persuade them that we could get through the bad times if we worked a bit harder but they didn't want to know.

My former business partner signed the forms, I only signed one form at the liquidating meeting and I also signed an estimated statement of affairs which I told them was wrong anyway but they didn't listen to me on that either.

Well, I have insurance on my credit card and loans so while I am unemployed that is being paid for, a friend has said he can cover my mortgage for a few months so I will try and fob the bank off until I get a job and take it from there.

Thanks for all the advice

Paul,